AIR CARRIER REAL OPERATING EXPENSES AND BREAKDOWN OF OPERATING REVENUES

AIR CARRIER REAL OPERATING EXPENSES AND BREAKDOWN OF OPERATING REVENUES

Operating Expenses and Breakdown of Operating Revenues (quarterly data, not seasonally adjusted)

Operating Expenses and Breakdown of Operating Revenues (quarterly data, not seasonally adjusted)

Air carriers major source of revenue is passenger fares. Freight revenue has increased in importance for large air carriers in recent years, but is much smaller than passenger revenue. Air carrier asset returns are highly seasonal due to the seasonality of passenger revenues.

Billion dollars Q4 99 Q4 00
Operating revenues 29.78 31.88
Operating revenues percent change from same quarter previous year 7.22 7.04
Operating expenses 28.60 31.44
Operating expenses percent change from same quarter previous year 8.96 9.91
Passenger revenues 20.76 22.69
Passenger revenues percent change from same quarter previous year 6.69 9.28
Freight revenues 2.88 3.05
Freight revenues percent change from same quarter previous year 9.46 6.04

NOTE: Data for the last year are preliminary.

The current value is compared to the value from the same period in the previous year to account for seasonality.

The data include profits of both foreign and domestic operations for U.S. air carriers with more than 20 million dollars in annual operating revenue.

Data for DHL Airways, which has not reported for fourth quarter 2000, are excluded for all periods for comparability over time.

SOURCES: U.S. Department of Transportation, Bureau of Transportation Statistics, Air Carrier Financial Statistics data; and U.S. Department of Labor, Bureau of Labor Statistics, available at: http://www.bls.gov/cpihome.htm.